Values Added Financial LLC lifted its position in shares of Schwab Municipal Bond ETF (NYSEARCA:SCMB – Free Report) by 1,399.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,170 shares of the company’s stock after purchasing an additional 161,621 shares during the period. Schwab Municipal Bond ETF comprises approximately 1.5% of Values Added Financial LLC’s portfolio, making the stock its 20th largest position. Values Added Financial LLC’s holdings in Schwab Municipal Bond ETF were worth $4,184,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Schwab Municipal Bond ETF during the third quarter worth $45,000. Integrated Wealth Concepts LLC purchased a new position in Schwab Municipal Bond ETF in the second quarter valued at $50,000. RMG Wealth Management LLC acquired a new stake in Schwab Municipal Bond ETF in the first quarter valued at $237,000. Greenspring Advisors LLC acquired a new stake in Schwab Municipal Bond ETF in the second quarter valued at $251,000. Finally, Breakwater Capital Group raised its stake in Schwab Municipal Bond ETF by 15.9% in the second quarter. Breakwater Capital Group now owns 11,309 shares of the company’s stock valued at $292,000 after buying an additional 1,550 shares in the last quarter.
Schwab Municipal Bond ETF Stock Down 0.0%
Shares of NYSEARCA SCMB opened at $24.72 on Friday. The business has a 50-day moving average of $24.58 and a two-hundred day moving average of $25.41. Schwab Municipal Bond ETF has a 1 year low of $23.81 and a 1 year high of $26.20.
Schwab Municipal Bond ETF Company Profile
The Schwab Municipal Bond ETF (SCMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment grade tax-exempt debt, issued by US states and territories with varying maturities. SCMB was launched on Oct 12, 2022 and is managed by Charles Schwab.
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